Avgol Industries 1953 (XTAE:AVGL) ROCE % : 4.16% (As of Mar. 2024)

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What is Avgol Industries 1953 ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Avgol Industries 1953's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.16%.

Avgol Industries 1953 ROCE % Historical Data

The historical data trend for Avgol Industries 1953's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Avgol Industries 1953 ROCE % Chart

Avgol Industries 1953 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.27

16.15

6.56

12.82

4.88

Avgol Industries 1953 Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															5.24	5.84	9.06	-0.10	4.16

Avgol Industries 1953 ROCE % Calculation

Avgol Industries 1953's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	60.094	/	( ( (1709.615 - 446.735)	+	(1621.348 - 419.649) )	/ 2 )
	=	60.094	/	( (1262.88	+	1201.699)	/ 2 )
	=	60.094	/	1232.2895
	=	4.88 %

Avgol Industries 1953's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	49.796	/	( ( (1621.348 - 419.649)	+	(1634.432 - 441.456) )	/ 2 )
	=	49.796	/	( ( 1201.699	+	1192.976 )	/ 2 )
	=	49.796	/	1197.3375
	=	4.16 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Avgol Industries 1953 (XTAE:AVGL) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

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Avgol Industries 1953 (XTAE:AVGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Avgol Industries 1953 Ltd (XTAE:AVGL) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

20 Lincoln Street, 29th floor, Rubinstein House, Tel Aviv, ISR, 67134

Website

http://www.avgol.com

Avgol Industries 1953 Ltd manufactures non-woven fabric solutions. The company focuses on the hygiene market delivering non-woven fabric innovation to the baby diaper, adult incontinence and feminine hygiene product manufacturers and brands, as well as number of medical and industrial applications. It serves in approximately 30 countries worldwide, with manufacturing sites in Israel, United States, China and Russia.

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